Understanding Direct Debits

The steps and features of a Direct Debit transaction.

[@vaidekiswamynathan6518]

Hi well explained ,but could you pls explain the SEPA Direct Debit business to Business with Realtime example and it's messages flow(pain/Pacs/camt) and sdd-core with Realtime example and (pain/pacs/camt msgs)

[@arijitmajumder5390]

Request you to please not use "Actor" in ppt and refer in your lecture as Debtor or Creditor. Atleast in brackets write - Debtor, Creditor, Debtor Bank, Creditor Bank.

[@TheFintechTechie]

Noted. The word Actor is commonly used word in such process flows - it is an entity that is a participant in a process and/or a user of a system.